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PC Financial World Elite Mastercard

Last updated: April 27, 2021
  • $0 Annual fee
Best offer is available until May 6, 2021
Signup bonus:
100,000 PC Optimum points upon first purchase at participating stores
Annual fee:
$0
Earning rate:
45 PC Optimum points per dollar spent at Shoppers Drug Mart
30 PC Optimum points per dollar spent at Loblaw's grocery stores, Esso gas, and PC Travel
10 PC Optimum points per dollar spent on all other purchases
Insurance:
Basic

The PC Financial World Elite Mastercard is a fine choice for people who frequently shop at Loblaw’s brands, but otherwise has limited appeal.

Bonuses & Fees

The card currently has a welcome bonus of 100,000 PC Optimum points upon making their first purchase at a store that participates in the PC Optimum program.

If you’re interested in the card, now would be a great time to apply. The card typically only runs a welcome bonus for a short period of time, and this offer is live until May 6, 2021.

The card has no annual fee.

Earning Rewards

The card has category bonuses for shopping at specific stores:

  • Earn at least 30 Optimum points per dollar spent at Loblaw’s brands of grocery stores and drugstores, including Loblaw’s, No Frills, Real Canadian Superstore, Your Independent Grocer, and Wholesale Club
    • All Optimum members earn an additional 15 points per dollar spent at Shoppers Drug Mart and Pharmaprix, regardless of which credit card is used to pay
  • Earn at least 30 Optimum points per litre at Esso and Mobil gas stations
  • Earn 30 Optimum points per dollar spent at PC Travel
  • Earn 10 Optimum points per dollar spent on all other purchases

While these rates cover a wide range of categories, they only apply at these particular merchants. So while the card may appear to have strong earning rates, it only benefits cardholders who already shop at those stores, or are willing to change their shopping habits.

Redeeming Rewards

PC Optimum points have a value of 0.1 cents per point, with occasional 50% bonus redemption events. Points can be redeemed at PC Optimum’s partner grocery stores and drugstores.

Insurance Coverage

The card has a modest insurance package, including emergency medical insurance for trips up t0 10 days, and standard extended warranty and purchase protection.

However, it doesn’t offer the specific provisions that are important to travellers, and the coverage it does provide can also be found on many other cards.

Apply Now

As a World Elite product, this credit card has a minimum annual income requirement of $80,000 (individual) or $150,000 (household).

Follow the below link to the PC Financial website to learn more about this card and submit an application.

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